NOT LISTED FOR SALE

1024 Marcussen Dr Menlo Park, CA 94025

Lindenwood Neighborhood

Estimated Value: $2,888,000 - $4,303,759

4 Beds
2 Baths
3,350 Sq Ft
$1,041/Sq Ft Est. Value

Last Sold September 12, 2014

Last sale price $1,945,000 $581 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $20,948/month

10 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • Level Lot
  • Encinal Elementary School Rated A
  • Forced Air Heating System

About This Home

As of September 2014

Less than half mile from train station, Cafe Barrone, Kepler's. Each unit feels and lives like a small house. Oak floors, brick fireplace, updated kitchens. Each unit has own garage w/laundry area. Professionally landscaped. Rear unit has wide back yard w/paver patio. Appliances included. Great value for family living, friends to share or live in one and rent the other.

Last Agent to Sell the Property

Nancy Goldcamp

Coldwell Banker Realty License #00787851 Listed on: 08/29/2014

Coldwell Banker Realty

Last Buyer's Agent

Deniece Watkins Smith

Coldwell Banker Realty License #01295757

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1949

Lot Details

  • Level Lot
  • Sprinkler System

Home Design

  • Duplex
  • Ceiling Insulation
  • Shake Roof
  • Wood Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,350 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Parking

  • Garage
  • Private Parking
  • Garage Door Opener

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $76,200

Community Details

Overview

  • 3,350 Sq Ft Building

Building Details

  • Gardener Expense $1,701
  • Insurance Expense $1,013
  • Operating Expense $19,340
  • Gross Income $76,200

Property Details

Home Type

Multi-Family

Year Built

1949

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Geological/Flood, Property Inspection, Roof, Flood Zone
  • Sale Price Per Sq Ft: 580.60
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 3350
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3350
  • Stories: 2
  • Laundry: Washer/Dryer - Owned, In Garage
  • Flooring: Tile, Carpet - Wall To Wall, Hardwood

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Wood Shakes / Shingles, Shake
  • View: Local/Neighborhood
  • Yard/Grounds: Sprinklers - Lawn

Garage/Parking

  • Garage Parking Features: Gate / Door Opener, Private / Exclusive, Spaces Per Unit - 1

Utilities

  • Heating System: Gas - Natural, Central Forced Air, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • High School: 658

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7490.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7490.00
  • Lot Size Area Min Search: 7490.00
  • Maximum Lot Size: 7490.00

Green Features

  • Energy Features: Ceiling Insulation

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 22.64

Multi Family

  • Expense Insurance: 1013
  • Expense Landscape: 1701
  • Expenses Total: 19340
  • Income Annual Gross: 76200.00
  • Income Annual Rental: 76200
  • Income Gross Scheduled: 76200
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Vacancy Factor
  • Tenant Expenses: Services - Gardener/Landscaping, Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2015
Sold by
Li Lydia
Bought by
Li Lydia
Current Estimated Value
$3,486,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$230,773
Interest Rate
3.64%
Mortgage Type
Credit Line Revolving
Estimated Equity
$3,255,480

Purchase Details

Listed on
Aug 29, 2014
Closed on
Sep 9, 2014
Sold by
Elliott Keith H
Bought by
Li Lydia
Seller's Agent
Nancy Goldcamp
Coldwell Banker Realty
Buyer's Agent
Deniece Watkins Smith
Coldwell Banker Realty
List Price
$1,725,000
Sold Price
$1,945,000
Premium/Discount to List
$220,000
12.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.26%

Purchase Details

Closed on
Jul 20, 2005
Sold by
Rakov Mikhail A and Lewis Rakova Wendy S
Bought by
Elliott Keith H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2002
Sold by
Lewis Rakova Wendy S and Rakov Mikhail A
Bought by
Rakov Mikhail A and Lewis Rakova Wendy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,000
Interest Rate
6.09%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Li Lydia -- Old Republic Title Company
Li Lydia $1,945,000 Chicago Title Company
Elliott Keith H $1,300,000 Old Republic Title Company
Rakov Mikhail A -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Lydia $300,000
Previous Owner Elliott Keith H $900,000
Previous Owner Rakov Mikhail A $329,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2014 09/12/14 Sold $1,945,000 +12.8% $581 / Sq Ft
09/08/2014 09/08/14 Pending -- -- --
08/29/2014 08/29/14 For Sale $1,725,000 -- $515 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $29,368 $2,337,588 $1,168,794 $1,168,794
2023 $29,368 $2,246,818 $1,123,409 $1,123,409
2022 $27,993 $2,202,764 $1,101,382 $1,101,382
2021 $27,381 $2,159,574 $1,079,787 $1,079,787
2020 $27,193 $2,137,432 $1,068,716 $1,068,716
2019 $26,785 $2,095,522 $1,047,761 $1,047,761
2018 $26,090 $2,054,434 $1,027,217 $1,027,217
2017 $25,724 $2,014,152 $1,007,076 $1,007,076
2016 $25,012 $1,974,660 $987,330 $987,330
2015 $24,721 $1,945,000 $972,500 $972,500
2014 $17,148 $1,277,081 $638,505 $638,576
Source: Public Records

Agents Affiliated with this Home

  • Nancy Goldcamp

    Seller's Agent in 2014

    Nancy Goldcamp

    Coldwell Banker Realty

    (650) 400-5800

    1 in this area

    37 Total Sales

    Nancy Goldcamp
    Section Image

  • D

    Buyer's Agent in 2014

    Deniece Watkins Smith

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81431610

MLSListings

APN: 061-381-130

California San Mateo County Menlo Park 94025 Lindenwood

1024 Marcussen Dr, Menlo Park, CA

Not Listed for Sale

MultiFamily

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